A lot of effort goes into making any business successful. So after owners and employees alike put lots of time, talent, energy and even financial support into operating a business, doesn’t it make sense that those investments and efforts would be protected?
As we’ve discussed in the past, disaster can strike any business at any time; that’s why commercial property insurance is usually considered the must-have protection policy for businesses. However, even if your business does have commercial property insurance, there are still many more parts of the business that you should look into protecting.
Consider, for example, your business’ equipment. Most (but not all) property insurance policies will cover damaged or stolen equipment in the case of fire, a break-in, and other disasters of that nature. But what happens if your equipment stops working during a normal business day?
In that case, property insurance offers no protection or assistance with that particular problem whatsoever. This means that a single power surge, short circuit, or general malfunction could potentially cause a major problem, and depending on the equipment could even bring your entire business to a standstill.
Equipment is exactly what allows a business to continue to operate normally. But inevitably, breakdowns and malfunctions will interrupt the work process; that’s exactly why a business needs to be prepared to deal with them and ensure that their business will begin running smoothly once more as soon as possible.
Fortunately, in addition to commercial property insurance, many insurance companies also offer Business Equipment Insurance and Equipment Breakdown Insurance that can be tailored specifically to your business’ needs. Just a few examples of types of equipment that can be insured are*:
·Refrigeration and air-conditioning equipment
·Boilers
·Electrical equipment
·Computers
·Diagnostic equipment
·Mechanical equipment
·Pressure vessels
·Telecommunications systems
·Production machinery
Whether your concern is protecting a fleet of computers or covering the potential repair bill of a massive work vehicle, one insurance policy could ensure that your business is up and running after a malfunction, for a minimal financial hassle, within no time. Plus, as an added level of protection, often business equipment insurance offers coverage for a loss of income experienced during a repair, so that your business is minimally set back after lost time on the job.
Equipment breakdown insurance is an essential tool to prevent major losses at your business. That’s why now is the perfect time to review your business’ commercial property and equipment insurance policies. We strongly encourage you to schedule a personal assistance meeting with one of our Fisher Widmann Flick Insurance Agency staff or representatives to go over one, the other, or both. We are all specially trained and ready to help evaluate your policy options to ensure that the equipment at any business, big or small, is covered and insured. So whether you’re in Johnstown or any other area in central Pennsylvania – and whether you need an entirely new policy or to update the one you already have – we’re here to help you.
Go ahead and schedule your appointment now; our representatives in Blaire County, Cambria County, Somerset, Latrobe, or in any other nearby counties are all ready to help you so that you can go into work tomorrow knowing that even a malfunction in your equipment won’t slow your business down this year.